First Trust International Developed Capital Strength ETF (NASDAQ:FICS) Stock Short Interest Drops 57.4%

First Trust International Developed Capital Strength ETF (NASDAQ:FICS) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,178 shares, a drop of 57.4% from the September 15th total of 5,109 shares. Based on an average trading volume of 7,464 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust International Developed Capital Strength ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cetera Investment Advisers lifted its stake in shares of First Trust International Developed Capital Strength ETF by 1.3% in the 1st quarter. Cetera Investment Advisers now owns 411,682 shares of the company’s stock worth $16,070,000 after acquiring an additional 5,296 shares during the period. Key Financial Inc boosted its holdings in shares of First Trust International Developed Capital Strength ETF by 1.1% in the first quarter. Key Financial Inc now owns 249,690 shares of the company’s stock valued at $9,747,000 after acquiring an additional 2,670 shares in the last quarter. Centennial Wealth Advisory LLC increased its stake in shares of First Trust International Developed Capital Strength ETF by 48.4% during the first quarter. Centennial Wealth Advisory LLC now owns 146,665 shares of the company’s stock worth $5,725,000 after acquiring an additional 47,814 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of First Trust International Developed Capital Strength ETF by 27.8% during the second quarter. Envestnet Asset Management Inc. now owns 72,657 shares of the company’s stock worth $3,035,000 after acquiring an additional 15,820 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in shares of First Trust International Developed Capital Strength ETF by 27.9% during the first quarter. Janney Montgomery Scott LLC now owns 66,124 shares of the company’s stock worth $2,581,000 after acquiring an additional 14,428 shares during the period.

First Trust International Developed Capital Strength ETF Price Performance

Shares of FICS stock traded up $0.84 during midday trading on Thursday, hitting $41.17. The company had a trading volume of 9,217 shares, compared to its average volume of 20,383. The stock has a market cap of $201.73 million, a price-to-earnings ratio of 19.87 and a beta of 0.70. The company’s 50 day simple moving average is $41.47 and its 200 day simple moving average is $41.20. First Trust International Developed Capital Strength ETF has a 52-week low of $37.65 and a 52-week high of $43.38.

First Trust International Developed Capital Strength ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.1036 per share. This is a drop from First Trust International Developed Capital Strength ETF’s previous quarterly dividend of $0.4455. This represents a $0.41 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, September 24th.

First Trust International Developed Capital Strength ETF Company Profile

The First Trust International Developed Cap Strength ETF (FICS) is an exchange-traded fund that mostly invests in total market equity. The First Trust International Developed Capital Strength ETF (the Fund) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called The International Developed Capital Strength IndexSM (the Index). FICS was launched on Dec 15, 2020 and is managed by First Trust.